Infrastructure State Revolving Fund (ISRF) Program
Highlights
You have a great opportunity to access $1 million to $65 million in funding for your infrastructure projects. Whether you need to upgrade a water treatment facility or enhance local streets, this program can support your goals. With loan terms of up to 30 years, you can invest in long-lasting projects without feeling rushed to pay back the loan.
There are clear advantages to applying. You'll enjoy low, fixed interest rates that keep costs manageable. The application process is straightforward and flexible, allowing you to apply whenever suits you best. If approved, expect to receive funding in just 45 to 90 days, helping you kick-start your projects quickly. Plus, there's no need to compete with others for these funds as applications are handled on a first-come, first-served basis.
By participating in this program, you'll be able to make critical improvements that enhance your business and community. With our team guiding you, you’ll experience transparency every step of the way. There are no surprises—just a clear path to securing the funding you need.
Financing Details
Type of Financing
This financing comes in the form of loans. You can access amounts ranging from $1 million to $65 million, depending on your project needs.
Repayment Terms and Interest Rates
- The loans have fixed interest rates, which means your payments won’t change over time.
- Loan terms can last up to 30 years, aligning with the useful life of your project. This gives you ample time to manage repayment comfortably.
Eligible and Ineligible Expenses
- Eligible expenses include project costs related to water and wastewater treatment plant upgrades, venue or airport construction, and street repair and upgrades.
However, funds cannot be used for operating expenses or any personal costs.
Fees
There are generally no hidden fees associated with this financing. The process is transparent, so you know exactly what to expect every step of the way.
Qualifications
- Location: Available across specific states (exact locations not mentioned).
- Sectors: Open to all sectors.
- Legal Structure: All legal structures are applicable.
- Profit Structure: All profit structures are applicable.
- Minimum Employees: No minimum employees required.
- Maximum Employees: No maximum employees required.
- Minimum Company Revenue: No minimum revenue qualifications.
- Maximum Company Revenue: No maximum revenue qualifications.
Disqualifications:
- No specific disqualifications mentioned.
Description
You have a chance to access funding between $1 million to $65 million for your infrastructure projects. This program supports a wide variety of initiatives, whether you're looking to upgrade a water treatment plant, build a venue, or enhance local streets. With loan terms of up to 30 years, you can invest in your business without the immediate pressure of repayment.
The application process is straightforward and flexible. You can apply any time throughout the year, and if approved, expect to receive funds in as little as 45 to 90 days after board approval. There’s no need to compete for these funds as applications are accepted on a first-come, first-served basis.
What makes this program particularly appealing is the low, fixed interest rates available, which can help you keep costs manageable over the long term. This program is designed to support your goals and make your important projects a reality without unnecessary complications.
Program Steps
Identify Your Project
Determine the infrastructure project you would like to fund, such as upgrading a water treatment plant or enhancing local streets.Prepare Required Documentation
Gather the following documents for your application:- A detailed project proposal
- Financial statements (last 2-3 years)
- Project budget and cost estimates
- Proof of ownership or lease agreements
- Environmental impact assessments (if applicable)
Complete the Application Form
Fill out the application form, providing all necessary information related to your project and business.Submit Your Application
Send your completed application along with the required documentation through the program's designated submission portal or email.Await Approval
Once submitted, you will receive confirmation of your application. The review process can take up to 45-90 days.Receive Funding
If approved, you will be notified and receive your funds shortly thereafter, allowing you to begin your project.